Morgan Stanley Expands Crypto Offerings with Ethereum and Solana Trusts

Morgan Stanley has expanded its cryptocurrency offerings beyond Bitcoin by launching trusts for Ethereum and Solana. The new products, which began trading on July 28, allow traditional investors to gain exposure to these two major digital assets.

The Ethereum Trust (MSSE) tracks the CoinDesk Ether Benchmark 4PM New York Settlement Rate, while the Solana Trust (MSOL) follows its equivalent Solana benchmark. The trusts will also stake part of their holdings and pass through any staking rewards to investors, providing potential income alongside price exposure.

Morgan Stanley's existing Bitcoin Trust held more than $381 million in assets as of July 16. The company's expanded suite now covers Bitcoin, Ethereum, and Solana under one product range, making it easier for institutional investors to gain access to these digital assets.